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What business is profitable in today's times?

What business is profitable nowadays? Is it worth having your own business at all?
What business is profitable nowadays? Is it worth having your own business at all?
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7 answers


Zubiks
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Having your own business pays off, you just need to be careful so that the business doesn't have you. When it comes to theory, the more value you give to people, the more profits you will achieve. Of course, I am talking about the value expected by potential customers, not the one you currently have to offer. So first, you assess the needs of the environment, then you examine your possibilities, thirdly you implement and improve the system, fourthly you model the business, fifthly the business earns without your involvement (there may be a few more steps, but these are the main points). As Karzełek says, it is simple but not easy. The first 4 points require hard work, the fifth is reaping the rewards. As for the practice, I am at point 3a - implementing and testing it on an unregistered business. When I am sure that the idea works, I will change the form and hire people. I recommend "The Myth of Entrepreneurship"... this book clarified a lot for me.

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Having your own business pays off, you just need to be careful so that the business doesn't have you. When it comes to theory, the more value you give to people, the more profits you will achieve. Of course, I am talking about the value expected by potential customers, not the one you currently have to offer. So first, you assess the needs of the environment, then you examine your possibilities, thirdly you implement and improve the system, fourthly you model the business, fifthly the business earns without your involvement (there may be a few more steps, but these are the main points). As Karzełek says, it is simple but not easy. The first 4 points require hard work, the fifth is reaping the rewards. As for the practice, I am at point 3a - implementing and testing it on an unregistered business. When I am sure that the idea works, I will change the form and hire people. I recommend "The Myth of Entrepreneurship"... this book clarified a lot for me.

"

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Zaklinaczka
Now artificial intelligence rules, so if you want to stay ahead, you can focus on this topic. Marketing and e-commerce are still thriving, but it is important to keep in mind that artificial intelligence will quickly eliminate the most replaceable employees. There is also a high demand for professionals, so it is worth checking what services are lacking in the area and providing them to residents as much as possible. However, it is important to remember that the most profitable business is one that provides both money and satisfaction and does not require being constantly at work, because "you can earn even while sleeping". It should be something that people need, aligning with our interests, and scalable. In the long run, doing something you don't like in an industry you don't understand will burn you out, and you will always lag behind true enthusiasts of that field. Feeling like you are constantly working 24/7 also burns out, and if you don't do something, you won't earn money. That is why scalability (through delegating tasks or selling electronic products, for example) is very important.
Now artificial intelligence rules, so if you want to stay ahead, you can focus on this topic. Marketing and e-commerce are still thriving, but it is important to keep in mind that artificial intelligence will quickly eliminate the most replaceable employees. There is also a high demand for professionals, so it is worth checking what services are lacking in the area and providing them to residents as much as possible. However, it is important to remember that the most profitable business is one that provides both money and satisfaction and does not require being constantly at work, because "you can earn even while sleeping". It should be something that people need, aligning with our interests, and scalable. In the long run, doing something you don't like in an industry you don't understand will burn you out, and you will always lag behind true enthusiasts of that field. Feeling like you are constantly working 24/7 also burns out, and if you don't do something, you won't earn money. That is why scalability (through delegating tasks or selling electronic products, for example) is very important.

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Every business is profitable in these times, you just need to have an idea how to run it.

Every business is profitable in these times, you just need to have an idea how to run it.

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In today's world, every business is profitable if you establish goals and a strategy correctly or if you utilize an existing one purchased from someone else.
In today's world, every business is profitable if you establish goals and a strategy correctly or if you utilize an existing one purchased from someone else.

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Asdefix
Business is business - the key is to manage your time and delegate small tasks that don't take more than 30 minutes, a few of these tasks per week, God forbid daily. Otherwise, you become a slave to your work. Because if you spend your time often 18 hours a day, 5-6 times a week... the employer will pay you more for that time. It's worth it, provided that the services you will provide... expand to such an extent that you delegate some tasks.
Business is business - the key is to manage your time and delegate small tasks that don't take more than 30 minutes, a few of these tasks per week, God forbid daily. Otherwise, you become a slave to your work. Because if you spend your time often 18 hours a day, 5-6 times a week... the employer will pay you more for that time. It's worth it, provided that the services you will provide... expand to such an extent that you delegate some tasks.

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caroline2115

In today's times, Bitcoin is very popular and more and more people are making a living from it.

In today's times, Bitcoin is very popular and more and more people are making a living from it.

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OpenAI BOT
"In today's times, many different types of businesses can be profitable, but it all depends on many factors. For example, the technology industry is developing very dynamically and can be profitable, especially if you have a well-developed product or innovative software. Another profitable business can be e-commerce, as the use of the internet and online shopping is becoming increasingly popular. It is also important to consider the competition in the market and the demand for a specific product or service. If there is high demand but low competition, it can be a beneficial area for business development. However, starting your own business always carries risks and is not a guarantee of success. It requires commitment, time, effort, as well as management and marketing skills. Therefore, it is worth carefully considering the sector in which you operate and planning the strategy thoroughly before starting your business. HTML: In today's times, many different types of businesses can be profitable, but it all depends on many factors. For example, the technology industry is developing very dynamically and can be profitable, especially if you have a well-developed product or innovative software. Another profitable business can be e-commerce, as the use of the internet and online shopping is becoming increasingly popular. It is also important to consider the competition in the market and the demand for a specific product or service. If there is high demand but low competition, it can be a beneficial area for business development. However, starting your own business always carries risks and is not a guarantee of success. It requires commitment, time, effort, as well as management and marketing skills. Therefore, it is worth carefully considering the sector in which you operate and planning the strategy thoroughly before starting your business."
"In today's times, many different types of businesses can be profitable, but it all depends on many factors. For example, the technology industry is developing very dynamically and can be profitable, especially if you have a well-developed product or innovative software. Another profitable business can be e-commerce, as the use of the internet and online shopping is becoming increasingly popular. It is also important to consider the competition in the market and the demand for a specific product or service. If there is high demand but low competition, it can be a beneficial area for business development. However, starting your own business always carries risks and is not a guarantee of success. It requires commitment, time, effort, as well as management and marketing skills. Therefore, it is worth carefully considering the sector in which you operate and planning the strategy thoroughly before starting your business. HTML: In today's times, many different types of businesses can be profitable, but it all depends on many factors. For example, the technology industry is developing very dynamically and can be profitable, especially if you have a well-developed product or innovative software. Another profitable business can be e-commerce, as the use of the internet and online shopping is becoming increasingly popular. It is also important to consider the competition in the market and the demand for a specific product or service. If there is high demand but low competition, it can be a beneficial area for business development. However, starting your own business always carries risks and is not a guarantee of success. It requires commitment, time, effort, as well as management and marketing skills. Therefore, it is worth carefully considering the sector in which you operate and planning the strategy thoroughly before starting your business."

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